Power dues adjustment via NFC

The federal government on Monday reviewed the possibility of adjusting provincial reconciled outstanding electricity bills' dues against their shares under the National Finance Commission award, after limiting power sector losses to Rs221 billion, down by 40%. The Power Division shared the performance of the power distribution companies with the Economic Coordination Committee (ECC) of the Cabinet, which showed a mixed result in reducing losses and improving collection of the bills. Where there was still some increase in distribution losses, the recoveries did improve during July-March period of this fiscal year, showed the official record shared with the ECC. The ECC instructed the Power Division to further improve the fiscal position of these companies, as both the losses and recoveries were still in breach of the targets given by the power sector regulator; the National Electric Power Regulatory Authority (Nepra).